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Nov 5, 2012
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. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then china's congress convenes for once in a decade leadership change. that's not evening mentioning ecb. there's been some that have said this is potentially the highest concentration of risk of the entire year. >> i heard this. it's embarrassing to hear. what's happened the whole time is there are managements that have made money during this period and managements that have failed and models that have made money and models that have failed. i spent a lot of time this weekend going over the last five years of stocks. what i find is that you have
. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then...
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Nov 13, 2012
11/12
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full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the things that blake talked about on the conference call is investment in your home starting to grow faster than gdp? he's used that as yardstick to say we're still not there yet. we're still not there even though he's been doing the numbers. i want to know whether we're there in surpassing it. yesterday there was a good conference call. people didn't like it. i think that was one of those judgments about people saying, you know what? i want to take profit. stocks up 53%. home depot looks like it's not going to fall prey to fiscal cliff profit taking. need to know more. very few stocks available to go through there. >> lowe's reports next week. lagged for 13 quarte
full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the things that blake talked about on the conference call is investment in your home starting to grow faster than gdp? he's used...
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Nov 6, 2012
11/12
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we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years. there's an 80-day window of which 30 really matter. if you don't get those, you have to sell these stocks. you need thanksgiving to christmas. >> all right. we'll see you tonight. >> thank you. >> of course coverage begins from 5:00 to 7:00 -- >> i have the air mattress ready. >> when it comes to betting on the election, how should you play gold depending on who wins the presidents whycy? we'll talk to randi zuckerberg, the sister of mark zuckerberg. her tv show premiered on bravo last night. we'll talk to her about that too when we come back. nobody said an all-in-one had to be bulky. or that you
we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years....
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Nov 15, 2012
11/12
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the data is coming in, very noisy about sandy. you've been bullish. has your confidence been buffeted at all? >> i wouldn't say, you know, if we look out longer than a matter of weeks, no, i don't think our confidence has been shaken one bit. i've never been very good at telling you what's going to happen in the next week or two or three weeks so i'll reserve comment on that. i think what people still don't recognize is the fundamentals of the u.s. economy are improving. they are not improving at the rate that we'd like but they are improving. more importantly, we're about the only major economy in the world that you can say that. so i think we're very unique and that's why we're still bullish. >> there's been a lot written about how good the recovery actually has been even though people don't want to talk about it relative to other countries, our debt. i know you look at debt to gdp. not as immediate a danger as some want to make it. there is this notion that it could all be ruined, all of that good news could be doused if, in fact, the fiscal cliff
the data is coming in, very noisy about sandy. you've been bullish. has your confidence been buffeted at all? >> i wouldn't say, you know, if we look out longer than a matter of weeks, no, i don't think our confidence has been shaken one bit. i've never been very good at telling you what's going to happen in the next week or two or three weeks so i'll reserve comment on that. i think what people still don't recognize is the fundamentals of the u.s. economy are improving. they are not...
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Nov 19, 2012
11/12
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forget about sandy. they've been waiting to signs to see ramp up before they bring in new production facilities. they would like to see housing starts above 1 million before they ramp up production. they are 870,000. we'll get that this week. that will be important to see how numbers are. by the way, i don't expect to see huge impact from housing starts from hurricane sandy this month because they collect data in the first two weeks of october. it's not through the end of october. you'll see it in the november numbers certainly a lot more. that's the important thing. guys, back to you. >> if they had boots on the ground they would know there's not enough supplies. they are still tearing down. when they have to build up, they have to get rid of mold. you'll see remarkable numbers in wall board. i want to be long usg. let's shift bonds in the dollar. go ahead, rick santelli. >> thank you very much, jim. no supply this week although we do have ten-year tips on wednesday. if you look at a two-day chart you c
forget about sandy. they've been waiting to signs to see ramp up before they bring in new production facilities. they would like to see housing starts above 1 million before they ramp up production. they are 870,000. we'll get that this week. that will be important to see how numbers are. by the way, i don't expect to see huge impact from housing starts from hurricane sandy this month because they collect data in the first two weeks of october. it's not through the end of october. you'll see it...
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Nov 8, 2012
11/12
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they talked about sandy and problems. this is a big theme. >> talking to paul jacobs after the bell. >> if there is hope for today, it is going to come from qualcomm and unmitigatingly positive conference call filled with great things of 4g and china strong and demand for smartphones off the chart. no more supply constraints. the ceo can make a difference today with tech. he might. this was an amazing call. >> trying to tamp down some of the concerns about a shortage of chips. >> oh my. data demand continues to grow. amazing spewing of cash here and whole foods spewing cash and talking about really things playing out globally in a way that is such a -- this is a gloom buster. we talked about door busters. if you read this, you think, a-ha. this is a place that's growing in this country. and in the world. and it's smartphones. >> yesterday you stood here and you said the easiest call to make if you were at goldman still to tell a client to trim. >> yeah. >> what's the tone today? >> they did that. today's the second day re
they talked about sandy and problems. this is a big theme. >> talking to paul jacobs after the bell. >> if there is hope for today, it is going to come from qualcomm and unmitigatingly positive conference call filled with great things of 4g and china strong and demand for smartphones off the chart. no more supply constraints. the ceo can make a difference today with tech. he might. this was an amazing call. >> trying to tamp down some of the concerns about a shortage of chips....
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Nov 9, 2012
11/12
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i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy cow! 84.9. 84.9! why a holy cow? because 82.6, the last look we had was the highest since of fall of '07. 84.9 pushes the envelope to -- going back to july of '07 when it was 90.4. but, caution, asterisk. this is a preliminary november read. all the historical comps i'm talking about are the final reads. it doesn't diminish the fact this is powerful. is this reflecting anxieties, post-election on the fiscal cliff? probably not. anybody who doesn't think there's anxieties there, just pull out your s&p chart. we still have wholesale inventories in about five minutes. back to you. >>
i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy...
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Nov 14, 2012
11/12
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about what sandy can mean. home depot lost more stores and had more stores close off irene but substantial off sandy. i have to get to home depot that is in long island. i think that's going to be the tell this weekend if we can get there, david. >> are we going to try? >> you both are going to try. >> i want to take david to home depot. they have everything there. you would be just shocked. >> going out for ice cream. >> as long as we don't have to try on women's shoes. >> that is just -- they just opened another -- in the saks call they talked about another zip code store in florida where there's a whole floor of shoes. what we could do is we would take a winter break together and visit that zip code opposed to the zip code of -- >> if we're going down there, i might do it. i might do it. warmer weather you can show off your legs so that's nice too. >> okay. maybe we go to tampa bay. see what they have. >> i hear all of the action is in tampa. >> south beach. if you're going to do it, do it. >> you should do
about what sandy can mean. home depot lost more stores and had more stores close off irene but substantial off sandy. i have to get to home depot that is in long island. i think that's going to be the tell this weekend if we can get there, david. >> are we going to try? >> you both are going to try. >> i want to take david to home depot. they have everything there. you would be just shocked. >> going out for ice cream. >> as long as we don't have to try on women's...
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Nov 23, 2012
11/12
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we had sandy to deal with also. this has taken our mind off that which is a nice change of pace for the people on the east coast. so the holiday season gives us something to cheer about. the markets have done their part this week. >> how are we setting up for next week given that next week is going to be a full trading session for one but as i mentioned, washington gets back to business hopefully and maybe gets some work done. >> is it back to business? are we going to expect anything out of them? down here it doesn't seem like we are. i don't want to say that we've lost hope but the fiscal cliff, we don't think it will happen, we really don't. i don't expect anything out of washington. i would look more toward overseas and what they're seeing. things are going to keep falling. >> what matters more to the markets, spain or the fiscal cliff? >> the fiscal cliff is so quiet this week. i'm going to say spain. a bigger linchpin short-term going into next week. >> matt, thank you for stopping by. a special black friday t
we had sandy to deal with also. this has taken our mind off that which is a nice change of pace for the people on the east coast. so the holiday season gives us something to cheer about. the markets have done their part this week. >> how are we setting up for next week given that next week is going to be a full trading session for one but as i mentioned, washington gets back to business hopefully and maybe gets some work done. >> is it back to business? are we going to expect...
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Nov 7, 2012
11/12
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>> i think sandy has been left out. i have bruce springsteen. just kidding. >> i would believe that. >> everybody looked. i got a rise out of faber even. clean harbors, we had dirty harbor that has to be cleaned. this is the most speculative stock i follow. made a lot of money for people. $4 stock that some people think -- both of them. rolled his eyes. i got a home run. >> about a half hour ago you asked whether or not this selling right now is undoing the hopeful romney rally of the past couple days. >> those stocks are hit very hard. i think that the correct focus on this mutually assured destruction of fiscal cliff is going to stay with us because you are going to have to pay much higher taxes on stocks. just plain and simple. it's too easy a call for broker to make. i would call everyone at goldman right now. the calls are being made. >> we'll see you tonight. >> great job last night. >> thanks a lot. and to you. we'll see you on "mad money." when we come back, four more years for your money. we'll find out what obama's second term might me
>> i think sandy has been left out. i have bruce springsteen. just kidding. >> i would believe that. >> everybody looked. i got a rise out of faber even. clean harbors, we had dirty harbor that has to be cleaned. this is the most speculative stock i follow. made a lot of money for people. $4 stock that some people think -- both of them. rolled his eyes. i got a home run. >> about a half hour ago you asked whether or not this selling right now is undoing the hopeful...
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Nov 28, 2012
11/12
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we know what happened. >> superstorm sandy hit the northeast, and it had an impact. apple was down 1.5%, but it did repair some of the losses. apple still down by about 1.3%. >> on the home builders they've had a phenomenal run, some of them have doubled. it's extraordinary the gains you've had. >>> we have barbara corcoran of the corcoran group, to talk about whether or not there is maybe a crack in the housing pictures and also henry blodgett, remember the -- he'll be speaking with andrew macing at groupen, so he'll have the lowdown. >> everybody wants to know whether his first question will be about mason's tenure. guys, see you a bit later. here's what you might have missed if you're just tuning in. >>> welcome to hour 3 of "squawk on the street." here's what's happening so far. >> we need a market credibility $4 try wrong plan that comprises both tax increases and significant entitlement reform. >> we run a deficit every year, but because the economy grows, 18 1/2 and 21 is a have sustainable figure. >> when you meet with business leaders. they're going to have
we know what happened. >> superstorm sandy hit the northeast, and it had an impact. apple was down 1.5%, but it did repair some of the losses. apple still down by about 1.3%. >> on the home builders they've had a phenomenal run, some of them have doubled. it's extraordinary the gains you've had. >>> we have barbara corcoran of the corcoran group, to talk about whether or not there is maybe a crack in the housing pictures and also henry blodgett, remember the -- he'll be...
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Nov 21, 2012
11/12
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this is the carryover effect from superstorm sandy. so many cars were damaged, destroyed during the storm. as a result, rental cars have been tight for some time in the northeastern united states. and that's the case this weekend. a lot of people, believe it or not, guys, they do like to rent a car in order to make the trip of 300 or 400 miles. this year in the northeast, good luck if you don't already have a reservation. carl, back to you. >> phil, the airport where you are looks pretty crowded but orderly. there's one silver lining for people who are traveling and that is, perhaps, airlines are actually running closer to on on time these days. >> reporter: yes. that's because you've seen restricted capacity. fewer flights, it's not as packed and as a result it's easier to keep with the on-time schedule. >> unbelievable, phil. thanks so much. phil at o'hare. i saw a stat today, since '07 i think airlines have taken out 14% of their capacity. >> wow. >> they're running lean and mean. in terms of getting a flight over the holidays, it's
this is the carryover effect from superstorm sandy. so many cars were damaged, destroyed during the storm. as a result, rental cars have been tight for some time in the northeastern united states. and that's the case this weekend. a lot of people, believe it or not, guys, they do like to rent a car in order to make the trip of 300 or 400 miles. this year in the northeast, good luck if you don't already have a reservation. carl, back to you. >> phil, the airport where you are looks pretty...
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Nov 26, 2012
11/12
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there's hurricane sandy. hurricane katrina. you can see it's following a very, very similar pattern there and the expectation is that it will come down again on thursday to 390,000. one more thing i want to look at is gdp during katrina. a slowdown during katrina you can see right there, that's third from the right there. that's the quarter it happened. second from the right is the quarter after and then you can see the pop in the first quarter of '06. drag on growth of commerce and economic activity disrupted followed by a rebound as rebuilding begins in earnest. we're looking for a revised number on gdp but a weaker quarter in the fourth quarter. the overridie inine ining gdp i sandy but the fiscal cliff. >> steve liesman. online retailers stacking up the deal offerings on this cyber-monday. still ahead, ceo of home shopping network gives us a read on traffic that company has been seeing thus far. plus, tyler and cameron winklevoss headed to post 9. we're back in two. [ male announcer ] how do you trade? with scottrader strea
there's hurricane sandy. hurricane katrina. you can see it's following a very, very similar pattern there and the expectation is that it will come down again on thursday to 390,000. one more thing i want to look at is gdp during katrina. a slowdown during katrina you can see right there, that's third from the right there. that's the quarter it happened. second from the right is the quarter after and then you can see the pop in the first quarter of '06. drag on growth of commerce and economic...
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Nov 20, 2012
11/12
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sandy's new building is likely going to be spread out over several years. t not saying there's no impact in the northeast, but the impact is going to be spread out over a long period of time and i think you'll see it rather muted. none is less, right now, housing is the leader and we're seeing autos also pretty well. there's reason for some optimism on the u.s. economy. >> poulty is still the number one name. thanks, bob. after david faber broke the news here first, we brought you the first comments from meg whitman of hp. >> we're disappointed. we feel terrible about it. i regret that i voted for this deal. >> now, for his first take on the bombshell, john sculley after a break. don't go away. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide
sandy's new building is likely going to be spread out over several years. t not saying there's no impact in the northeast, but the impact is going to be spread out over a long period of time and i think you'll see it rather muted. none is less, right now, housing is the leader and we're seeing autos also pretty well. there's reason for some optimism on the u.s. economy. >> poulty is still the number one name. thanks, bob. after david faber broke the news here first, we brought you the...
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Nov 27, 2012
11/12
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consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would solve problems we have in america and people have no idea that general low income americans have no idea i would suggest that the fiscal cliff is on its way. no wonder they are out there spending money. no wonder. >> i wouldn't make a distinction between what low income americans or high income americans know less than anyone around the scale. on the other hand, simon, it may be that people think they'll solve this problem and it's not going to affect them given the pledge by the president not to allow the tax increases and spending cuts to hit people $250,000 and below. that's a distinct possibility. i would also p
consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would...